โ๏ธ #Mining101: How bitcoins (and other cryptos) are born.
Before it exists in your wallet, a crypto needs to be mined.
And this is not magic โ itโs heavy computation.
๐ What is mining?
๐น It is the process of validating transactions and including blocks in the blockchain.
๐น Miners solve complex calculations and, in return, receive cryptocurrencies.
๐น This is how new bitcoins are created.
๐ง Important to know:
๐ธ Requires powerful machines (ASICs or GPUs).
๐ธ Consumes energy โ a lot!
๐ธ Works via proof of work (Proof of Work), like Bitcoin.
๐ธ Other projects already use alternatives (like Proof of Stake).
โ ๏ธ Today, mining Bitcoin alone is almost unfeasible โ big players dominate the sector.
But you can invest in companies, mining pools, or tokens linked to the sector.
๐ฒ Binance offers indirect and accessible exposure to the mining market.
โก๏ธ Mining is the engine of Bitcoin. Without it, there is no secure blockchain.
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